Service capabilities
include portfolio (business mix) analysis and planning, such as:
Service line strategy and
prioritization
Physician strategy and implementation
(including compensation programs and joint ventures)
Managed care strategy development and
negotiation assistance
Mergers, acquisitions and other
transactions
Marketing and communications strategy
and implementation
Medimetrix is also considered one of
the leading consulting firms to assist health systems in their
strategic and integration initiatives regarding provider owned
health plans.
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Medimetrix has worked with over 500
hospitals and health systems across the United States, including Alaska
and Hawaii. Our clients include academic medical centers, multi-state,
multi-hospitals systems, regional medical centers, and of course, single
hospital health systems. We help our clients develop a strategic game
plan that brings together initiatives in these key areas: service line
strategy, physician strategy, managed care strategy, partnering
strategy, and a coordinated marketing communications strategy.
Our recent projects include:
Rural Southern Hospital in Response to
Critical Shortage of Orthopedics
Due to decisions made by community-based orthopedists, this rural
community was left without emergent and elective orthopedic coverage,
resulting in significant logistical delays for urgent/emergent care and
long waits for elective services. Working with senior hospital and
community leadership, we documented the extent of the crisis, estimated
the unfulfilled need and designed an action plan complete with
recruiting targets, incentives and compensation arrangements to rebuild
orthopedics in the community.
Two-hospital Health System in
the Midwest
We assisted the senior management team in preparing for an annual Board
of Directors retreat. Medimetrix held a preparatory management retreat
to identify key issues for board consideration, assigned work groups,
and set a process in motion to develop each of these issues for board
consideration and decision.
A multi-state, multi-hospitals system
We have worked with several health system subsidiaries of this large,
multi-state system in a variety of strategic and operational areas. We
identified opportunities to increase market share and improve overall
profitability within service lines. We also identified opportunities
with specialist physicians that included a freestanding heart hospital,
a joint venture with general surgeons, and a coordinated comprehensive
cancer center. Our project work has also involved restructuring and
reengineering captive medical groups and their support infrastructure,
as well as developing strategies for a subsidiary MCO.
An academic medical center health
system
We developed a comprehensive strategic plan that encompassed multiple
facilities, medical school and faculty practice plan.
A single-hospital health system
We assessed the performance of various strategic business units and
applied "social adjustments" to expected financial return
benchmarks. We assisted in the design and development of a joint venture
with specialist physicians and evaluated the financial impact of a
proposed JOA with a hospital member of a large, regional academic health
system.
A regional medical center
We restructured a 400+ multi-specialty, integrated physician group that
included redesigned structure and governance. We assisted hospital and
physician leadership in the formulation of a new compensation
methodology that introduced accountability and responsibility for
bottom-line performance. We worked with hospital and physician leaders
to design a long-range, transitional plan to shift financial
responsibility to the physician-led Board of Directors of the
multi-specialty group. A key aspect of this plan placed the central
billing office under the oversight of physician leadership.
A two-hospital system
A long-standing client, we have conducted a comprehensive managed care
strategy assessment, addressing key issues such as payer leverage,
patient access, consumer demand, network sufficiency and fiscal
discipline. We also assisted in implementing specific aspects of this
managed care strategy. These efforts include defining the strategic and
financial implications of de-contracting with a major payer, assisting
in the implementation of that de-contracting strategy, and assessing the
sufficiency of the existing physician relationship strategy and devising
revisions and new programs to meet market needs.
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